Whitslack

Will Quantitative Easing Work?

Enjoying a weaker currency? If a weak currency were a good thing, why wouldn't we just print a quadrillion dollars and make our currency worth next to nothing? Wouldn't that be good?

A weak currency is only good for net debtors. Those of us who have been fiscally responsible and have positive net worths would prefer that our nest eggs not be chiseled away by inflation.